<PAGE> PAGE 1
000 B000000 12/31/96
000 C000000 0000906518
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<PAGE> PAGE 2
012 B00AA01 84-5451
012 C01AA01 BETHESDA
012 C02AA01 MD
012 C03AA01 20814
013 A00AA01 DELOITTE & TOUCHE LLP
013 B01AA01 WASHINGTON
013 B02AA01 DC
013 B03AA01 20036
014 A00AA01 NAVELLIER SECURITIES CORP
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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SIGNATURE TIMOTHY N. COAKLEY
TITLE ACCOUNTANT
<TABLE> <S> <C>
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<CIK> 0000906518
<NAME> NAVELLIER SERIES FUND
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<NAME> AGGRESSIVE SMALL CAP EQUITY PORTFOLIO
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